If the Government Currently Has a Budget Deficit,then

question 171

Multiple Choice

If the government currently has a budget deficit,then

• A)it does not necessarily have a debt.
• B)its debt is increasing.
• C)government expenditures are greater than taxes.
• D)All of the above are correct.

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Definitions:

Insure

To provide or obtain insurance coverage against risk or loss.

Rights

Entitlements or freedoms granted to individuals or groups by law, social convention, or moral principles.

Liabilities

Financial obligations or debts that a company or individual owes to others.

Title

A legal term that signifies ownership rights over property, assets, or an interest in property or assets.